Online Payments for Forex Brokers

Apply Online Now

Online payments are essential for the success of Forex meeting the needs for fast, reliable, versatile, and convenient trading. Get the payment processing you need to grow your business.  Contact today. 

Changes to Forex Payment Processing Regulations

Forex trading, especially the retail variety, takes a bad rap for being loosely regulated, thus creating a trading environment in which rife speculation leads to currency volatility. In an effort to address the issue of insufficient regulation, the National Futures Association announced in late 2014 that a ban on funding forex trading accounts via credit cards would be enforced beginning January 2015.

While transactions made through debit cards are still acceptable, the restriction is supposed to address the situations in which customers will risk and lose large sums of money that are borrowed on interest. In order to figure what the origin of the funds is, the brokers are now required to screen their customers appropriately, something difficult to achieve in such a fast-paced industry.

If licensed brokers find doing business becomes increasingly difficult in the face of progressively restrictive regulations such as the ban on the use of credit cards, unlicensed brokers are likely to meet with additional hurdles. While many companies that offer merchant services prominently display on their website the ease with which a broker can obtain online payments, this accessibility is frequently misleading. Unlicensed forex brokers are most vulnerable to having their business disrupted due to the discrepancy that exists between the way online payments services are presented and how things turn out subsequently.

Forex Payment Processing

The main issue results from the fact that merchant services companies will frequently accept an unregulated forex broker, process some transactions, then freeze the money in the merchant account until additional and potentially time-consuming verifications are made. The merchant services company may ask from the broker proof of them being licensed, and if this is not provided, the money that has been charged will be returned to the trader.

This decision can have disastrous consequences on the broker who would have already taken decisions based on the purchase, decisions that are now unprofitable by the freezing or returning of the funds. In addition, traders themselves will have their plans hindered by the inaccessibility of the funds they intended to use for trading.

So when it comes to online payment processing, it is essential for a forex broker to avoid this pitfall and make sure that the merchant services company has inclusive policies for all types of brokers. While the ease of obtaining the services is preserved,


Forex merchant accounts are considered high risk by banks and processors.  Still, payment processing is available for the industry.

US accounts can be established for card processing for informational and software products.  International merchant accounts can be established for trading platforms that need card processing.

Alternative payments add great value to trading platforms.  For example, electronic checks are a highly effective alternative payment method for US traders.  International traders can use local bank transfers.  

The more ways traders can fund accounts the more profits can be made.  

Are you seeking a Forex merchant account?

Contact today


Successful affiliate selling depends on a factor that is not addressed appropriately by online gurus that promise to teach you “everything” about affiliate marketing in three easy steps.

The most important aspect of affiliate marketing is payment processing.  Because all the marketing in the world does you no good if the payments cannot be successfully processed.

Affiliate Markets Classified as High Risk Merchants

Affiliate marketing is classified by most acquiring banks as a high risk industry. Payment processors make a distinction between a sale made through an affiliate and a sale made through a merchant website.

The reason behind the distinction is that the marketing model adds an intermediary between the payment processor and the merchant – an element which has an impact on the business model of the latter.

Specifically, the merchant that uses affiliate marketing is more likely to attract fraudulent transactions, the chargeback rate will increase, and there is a risk of selling illegal or counterfeit products and services. The increasingly common use of mobile technology makes fraud prevention even more challenging.

How Affiliate Marketing Merchants Can Control Risk

Understandably, selecting reliable affiliates is the first step, but once this is done, the merchant will have to pay attention to chargebacks, as these losses can quickly squander the profit that results from affiliate marketing. If the chargeback rate increases as the affiliate sales go up, the first step is to figure out what the predominant reason of the chargebacks is.

If the chargebacks are due to fraudulent activity, that is, if the payment has been placed without the knowledge of the cardholder, then the payment processor will have to implement stricter fraud prevention tools. As unlikely as this may seem, the merchant will have to take into consideration the possibility that the fraudulent transactions are initiated by the publisher himself.

The second chargeback reason that needs constant monitoring is the one that deals with the products or services being “not as described”. If the merchant registers an increased number of “not as described” chargebacks, this may suggest that one of the affiliate partners provides an inaccurate or exaggerated description of the services or products on their website. Misleading testimonials and bait-and-switch techniques will prompt disgruntled customers to file a chargeback, so the merchant will have to address this issue as quickly as possible.

Affiliate Marketing Merchant Accounts

Because affiliate markets are considered high risk, it is important to work with a company that specializes in high risk placement.   It is essential to make sure that the chosen payment processor accepts affiliate marketing prior to making an application.  Otherwise, you waste valuable time applying to banks who will decline the account simply because it is affiliate marekting.

Some unscrupulous merchant account providers will approve an account only to have it terminated once the bank realizes that the account is for an affiliate marketer.  That is a nightmare you don’t want to experience.

PayNetSecure accepts a large variety of high-risk business models, and merchants that currently sell or plan to switch to affiliate marketing are welcome. In addition, all affiliate marketplace merchants receive support for chargebacks so as to limit losses and keep the business profitable.


Affiliate marketing is a powerful and effective way to generate sales.  Yet, your success depends on having the proper payment processing accounts in place.

Marketplace affiliate merchant accounts are available to provide you with the processing capacity needed to operate and grow your business.  Special programs help you control chargebacks, protect your accounts, and keep your business safe.  

Interested in an Affiliate Marketplace Merchant Account?

Music, videos, mobile apps, software, eBooks, any kind of streaming media.  All these types of products fall into the category of digital goods.

It’s no surprise that there is a huge demand for digital goods.  The latest edition of the Global entertainment and media outlook reports worldwide entertainment and media revenues will rise at a compound annual growth rate (CAGR) of 5.1% over the coming years, from $1.74 trillion in 2014 to $2.23 trillion in 2019.

The market is going to continue clamor to for digtal services.  Traditional media has fallen by the wayside.  Digital delivery of content gives customers the flexibility to access content anywhere, on any device, and at any time .

Recurring Billing for Digital Content Merchants

Any merchant that produces and sells digital content should consider implementing online payments as soon as possible, while being well informed about the potential pitfalls.

There are many reasons that make digital goods particularly profitable when sold online. The biggest advantage results from the recurring payment feature. Recurring payments stabilize cash flow while extending the lifetime value of a customer.

Subscription billing automates the payment process, making it easier for merchants to manage payments.  Customers like the convenience of a recurring payment with no additional action necessary.

It is important, however, for merchants to make sure the customer understands and accepts the recurring payment plan.  And merchants need to make it simple & easy to cancel the service.  Otherwise there is a risk of chargebacks.

Selling membership-based digital content online means that the customer will find it particularly easy to choose specifically what package they prefer from the current offer. In addition, they will be able to use the support options accessible on the website, therefore making customer service less costly. Finally, the merchant will have the opportunity to quickly advertise and sell new products through the website and newsletters.

Reasons Digital Merchants are Considered High Risk

Merchants that offer digital content are frequently considered high-risk due to a variety of reasons which result from the innovation specific to this industry. Fraudsters target digital goods because they are valuable and easy to monetize.

Since no physical address is required for delivery, traditional means of verifying the identity of the customers do not apply. To make matters even more difficult, digital services can be accessed via multiple devices and IPs, adding extra layers of anonymity that work in favor of the fraudster, while the merchant is left dealing with the chargebacks.


The world is quickly moving to more and more digital distribution of content and entertainment.  To take advantage of the extraordinary opportunities available in the digital market place, you need payment processing accounts.

Yet, choosing a right payment processor is crucial.  Not all processors are the same.  

Be sure your processor has experience in processing for digital merchants.  And can provide you high volume processing capacity to accommodate growth. 

To protect your business, enable special fraud fighting tools within your high risk gateway. Take advantage of early warning chargeback systems to help mitigate risk. 

There are excellent payment processing solutions that meet the special needs of the digital marketplace.  Investigate carefully, chose wisely.  And then watch your profits grow.

Are you searching for payment processing accounts for your online digital business?


Fantasy sports offers great opportunities. To take advantage of the rapidly expanding marketing, you need payment processing accounts that can accommodate your growth.   

Fantasy Sports is Booming

Fantasy Sports wagering is currently legal in 45 states and Canada, operating under a carve-out of the Unlawful Internet Gambling Enforcement Act of 2006. Legislators deemed Fantasy Sports games of skill and therefore not considered gambling.  Still, most acquiring banks classify fantasy sports as high risk merchants.

According to The Fantasy Sports Trade Association, Fantasy Sports represents a huge opportunity with over 45 million fantasy sports players in North America, up from 15.2 million in 2003, a 10% compound annual growth rate. In the US alone, the total expenditure on fantasy sports is $3.64 billion. Fantasy sports is such a large draw that during football season, 17% of ESPN’s 90 million unique website visitors are fantasy sports players.

Daily fantasy sports wagering is growing at an even faster pace. The largest daily fantasy sports wagering platform FanDuel paid out $10 million in winnings to its users in 2011. In 2014, the payout grew to $400 million. The industry is projected to grow to $31 billion in player entry fees by 2020. Fantasy wagering platforms take roughly 10% of entry fees as revenues and payout the remaining 90% in prizes meaning the industry is projected to grow by 0ver 85% per year over the next six years.

In addition, the fantasy market’s potential to acquire customers from the US Sports Betting Market presents a huge opportunity. Eilers Research estimates Americans spent $160 billion on non-regulated sports gambling in 2013, 44 times the amount $3.6 billion spent in Nevada.

If online fantasy platforms could tap a small portion of the non-regulated sports betting in the United States there is a huge opportunity for fantasy platforms.

Investors Flock to Fantasy Sports

The growth and legality of daily fantasy sports wagering is attracting heavy investment from some of the largest private equity, media, and entertainment companies in the world. In September 2014, FanDuel raised $70 million from NBC Sports Venture, KKR and Shamrock Capital Advisors. There was no valuation announced at the time of the deal but sources put the valuation for FanDuel at just south of $400 million. According to Fortune, FanDuel is considering another round of financing that would value the company at $1 billion. With FanDuel’s estimated payout of $400 million in 2014, its revenues are roughly $45 million, placing its September 2014 fundraising valuation at 9 times revenues and it current expected valuation of $1 billion at 22.5 times revenues.

The second largest player in the industry, DraftKings, paid out roughly $200 million in 2014. The company raised $41 million in August 2014, placing its value at just under $250 million. On April 3, 2015, ESPN’s parent company, Walt Disney invested $250 million in DraftKings, valuing the company at roughly $900 million. The entrance of Disney into the industry adds a tremendous amount of credibility to the industry, painting it in a more favorable light. With estimated revenues of $22 million in 2014, DraftKings’ August 2014 valuation places the company on 11.25 time revenues. The recent investment by Disney values DraftKings on 40.5 times revenue.

The fantasy sports online platform industry is growing at a very rapid pace with a significant runway for growth. The industry is also receiving investment from some of the biggest private equity, media, and entertainment companies in the world validating these growth estimates and the business model.


Obviously, the fantasy sports market is growing at unprecedented rates.  Yet, the industry is still considered high risk merchant processing.  Making it challenging to obtain accounts.

Still, payment processing is available for the industry. With fair rates. And high volume processing capacity necessary for fast-growing fantasy sports companies.

Payment processing for fantasy sports is convenient for players.  And profitable for you.  

Need a fantasy sports merchant account?   Contact